|
. . . ,�,:
<br /> ` .�__
<br /> .. . . . . �}.
<br /> , , �4
<br /> { .
<br /> . 1 ..
<br /> . •, , :.f,
<br /> 97— o �:-
<br /> • � paymenu may no tonger be required.at the option of Lender,if mortgagc insurance covetage(in the amount an�or�e� . . , —
<br /> ; that Lender requires)provided by an insurer approved by Lender again becomes available and is obtained.Borrower shall pay Ihe
<br /> � . p�i� �q� � m�intain marcgdge insurance in effect, or tn provide a loss reserve, until the requirement for moregage ,
<br />--, - �������r���i�h�ny vvritten agreement between Sorrower and Lender or applicable law. - _
<br /> � . 9.Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give � !
<br /> Borrower norice at the ams of or prior w an inspaction specifl+in8 reasonable cause for th8 inspcxtion. . , �.-
<br /> . 10.Condemnation. The proceeds of any award or claim for damages, dirax or consequential, in connection with anY f
<br /> ' cond�mnarion or odier taking of any part of the Property.or for wnveyance in lieu of condem�ation,are herebY assig�and ! • a _
<br /> � shall be paitl to Lendea. , , .
<br /> � In the event of a total taking of the Property,the pIOCeeds shall be applied tn ihe sums secured by thi�s Security Irua�umen6
<br /> whether or not then due,with any excess paid to Borrowel.In the eveni of a parteal taldng of the Prop�ty in which the fair market '_ � . ._�._,
<br /> • value of the Propea�y immediaLely before the taking is equal to or greazea th�w the amount of the sums secured by this Security ; . . —
<br /> Tnsuument immedizc..�: befare the taldng,unless Borrowa and Lender otherwise a�ee in writinng,the sums secured by this , °
<br /> .' _ :.�'t�' �k.—
<br /> g¢curity Inswmeat s�U be reduced by the affiount of the procee�s multiplied by the foIIow9ng fracaon: (a)the total amount of __
<br /> the sums sec�aed im�ediately before the taking,divided by (b) the fair marlcet value of the Properiy unmediately before the � r�
<br /> m�
<br /> : talang.pny bala�ce��Il be paid w Bormwer.In the event of a pardal taking of the ProPertY in wiuch the fair market value of the f . . . �
<br /> property immedia:..�: T_-�fore the taking is less de�n the amount of the svms sec�red immediately before the taldng> unless � r': , _
<br /> Borrower and L�s���erwise agree ui wcidnn�r unless applicable law otherwise provides,the proceeds stiall be applied w the f .
<br /> .'. � surns s.ect�red by this Secaaity Ins�ument whethea or not the sums are then due. .. � '•'� :
<br /> , If the Property is abandoaed�s,-�orrowea,or if,after notice by Lender to Borrower that ti�e condemnor offers to make an � :r';� --.:_�--
<br /> ' awaid or settle a clairn faz da�e..�-es>i�orrowea faiLs to resWnd to I.en dea wi t h i n 3 0 d ays a f t�r t he d a t e t h e n o t i c e i s g iv e n,Lender ���;-- �
<br /> ' is authorized w w1I��sd a�ply�e proceeds.at its option,either to restoration or repair of the Properiy or to the sums secured . . ..� �
<br /> ., by tdis Sec�ity Ins�a��t,whether or not then due. ' .' ��.;'�'��l .
<br /> . Unless Lende.r a::�anower a�erwise agree in writing,anY aFPlicauon of proceeds to principal sLall not eatend or postpone . . . � ��
<br /> tbe due da�c of the r�r.�y gap'�u referred to in paragraphs 1 and 2 or change the amount of such payments. � ,..�. ;. ,
<br /> 11.Borrower h��i��;For6earance By Lender NoY a Waiver. Factension af the time for payment or modification � .•_.i� ' ' �y:
<br /> of amostizarion of tL��s�r�s s�ed by this Security Tnsirutnent�attted by Lender w any successor in interest of Borrower shall • �. �: �.; �;�
<br /> osti ari ,
<br /> aot ope;ate to relr�s°'.:e liability of the original Borrower or Boirower's successors in inter�st.I.eader sl�all not be required w :� ;.�
<br /> �mmence proceedings against any successor in inte�rest or refase w extend tir�c�for payment or otheswi.�¢nodifY amorti�ation of '
<br /> . �pe�s�nred by this 3ea��L�s�ument b reason of an demand made b the ori � �^ Boaower or Borrower's successors • �,.:. ���`+ ``
<br /> Y Y y �' �'�� ?.e�"� �° ' � � _
<br /> in mtraest Any forbea�ance 3�y Er�,3er u►exercising any right or remedy shall not be a vr�.i��of ar preclude the exe.�cis e o f any 1. ,;::t���„" •"���.:�
<br /> �•:.�,��;�Y,:� �.:
<br /> rigdt or remedy. '�: ' —
<br /> 12.Saccessors a�d Ass�ng Boand;lotnt and Several Liab�itp;Co-signera 'I9�e covenants and agee�nents af this . .. ,�.
<br /> ' Seauity Insuument shall bind and benefit the sacce�sors and assigns of Lender and Borrower, subjecc w the pmvisions of . � �
<br /> � � 17. Borrower's covenants and agreements sha11 be joint and several. Any Bonower aho co-signs this Seauity • —,._-
<br /> P�� ..k. : : � ,��_
<br /> t��.,�-r�:-;but does not execute the Note: (a)is co-signin8 th;s S�uritY Insuument only to mortgage,grant and convey that . 9�., :.., ._�_..
<br /> � Borrower's interest ia the PropertY under the tams of this Security Instrumen�(b)is not psrsonally obligared tn pay the siuns __:�=�--
<br /> w
<br /> secured by tLis Sec�Inswment;and(c)ag�es that Lender and any other Borrower may agree to extend,modify,forbear or . .�_
<br /> make any accamma:��ns with rega:d to the ter�s of this Security Insmunent or the Notc without thai Borrower's wnsent ..��•„ ^_�_
<br /> .. 13.Loan Charges. If t�e�::s�ured by�his Securiry Instrumens is subject to a law whicfi sets maximum loan charges, ;i.��:.��" �. .�
<br />. •'�at tlie inteaest or other loan cdaiges calle�ted or w�e soDected in conne�tion wet`r the toaa c� ..Jk�•
<br /> and that law is finaIIy inte�pre'�s�'.� :d:��i'�,'� ��=.-:
<br /> exceed the pemuued lunits,then:(a)anY such loan charge shall be reduced by the amo�:cecessar}+to reduce the c�ge to the :�.R;;x`��.�, '.�:r.��-'-
<br /> . peamitted limi�a�d(b)any sums alreadY collected it+�m Borrower which exceedcd pem►iued limits will be refunded to Bmrower. '";`�.,
<br /> ,�;�.
<br /> �, I.endea may c�¢� tn make this refund by reducing the prmcipal owez! under the Note or by rnaYing a direci payment w . :'.�g�
<br /> � Borr�wer. If a n�.:nd reduces principal,the reduction wiU be ueated as a partizal prepayment without anY P�Payment charge " • � .� � _
<br /> � ua��i�s Norc. • ,
<br /> � , E�.NoHce.q. Any notice to Borrower provided for in ihis Security Inspument shall be given by delivering it or by mailing it . . �� '�
<br /> by t"irst class mJS�_less appticable law requires use of another method.The nouce shaU be directed to the Property Address or . . . •
<br /> � • any oth�address Barrower designatcs by nofice to Lender.Any notice w Lender shaU be given by fiast c1aSS mail to Lendea's • �
<br /> � ` adt�rc�s stated herein or any other address Lender designates by nodce to Borrower.Any notice providrd for in this Security , . . . ��
<br /> Ins��^'�ant shall be deesr►ed to Aave bcen given to Borrower ar Lender whcn given as pro�'-n'�d in this paragrnph. �.;�i�;:::.� —
<br /> p5.Goveming Law;SeveraTMi:ity. '[l�is Security Insuument shall be govemcd ay federal law and the law of the '�,_''� � .
<br /> ..� jurisdidion in which the Pmperty is located. In the event that any provision or clause of this Security Instrument or the Note ,
<br /> f conflicts wiUS 2.p,y!a:able law,such contlict shall not affect other provisions c�this Security Insuument or the Notc which can be � --
<br /> ;, giv�eff�ct w:Wo?the conflicring provision.To ihis end the provisions c!`d.is Security Instrument and the Note are declared W i � � . �
<br /> ' ts�swerable. �
<br /> �; .
<br /> 'l Form 3028 9190 •
<br /> ,,; �-6R(NE)192�i.U+ Paps1o16 Intttalr. .. .
<br /> 4 0
<br /> . . . � . t� . � ' ': �_
<br /> �
<br /> � .. ._ _ . . . � "_' ' " '' _ ' � . • �
<br /> �nj
<br /> ' � � ' ��.
<br /> - . ..� . ' �r-�'_ �. ._
<br /> ._ •'�• , ' ,.. .�, . ' . , . ' ' - - • .. .. `_ , .. .. ' . _ ' .r_ . , • . - . • • . .. •� . . . �� . .• . �' •
<br />
|